Millennials are known to leave the nest later in life than previous generations did: Zillow estimates that 21.9% of the nationwide cohort is living at home — a significant jump from the 11.7% living at home 12 years ago. Living at home gives millennials the chance to catch up in a time whenfallout from the recession andhigh housing costs have created an expensive climate that's difficult to save in.

Related Stories

Rising housing costs are contributing to millennials' money issues. To buy a typical San Francisco home with a 20% down payment, for example, residents need to earn $303,000. It takes more than six years for the median US worker to earn that much.